Family buyers drive buoyant demand for Newlands homes

As one of the most central neighbourhoods of the Southern Suburbs with top class schools and UCT on the doorstep, the leafy lanes of Newlands has always held great appeal for family buyers, say Seeff agents, Barbara van der Westhuyzen and Vanessa Clerke.

?10 Bedroom House for sale in Newlands, Cape Town

Aside from the convenience of direct access to the M3 that takes residents to just about anywhere into and out of the city, it is also a great lifestyle suburb. It is the heartland of rugby and cricket and residents enjoy superb view of Devils Peak. There is an amazing selection of restaurants and shops that are always abuzz no matter what time of day, say the agents. 

Cavendish Square and the many amenities around Main Road are also nearby. The Newlands Forest provides residents with wonderful walks and tracks for joggers while Kirstenbosch Gardens is a great spot for family picnics and open-air concerts.

While demand for property here dipped somewhat immediately post 2007/8, this micro-market has strengthened year-on-year and we are now back to annual sales volumes that compare well to the 2005-2007 period. Most notably, the average house price has continued to strengthen annually, says van der Westhuyzen and Clerke. In 2005 for example, the average free hold house price was R2,2 million. Since then, it has grown annually and now sits at around R3,78 million; a 71% improvement and a quite significant illustration of the growth in property values here.

Sales activity continues to improve year-on-year. Last year, around 105 sales transactions to the total value of almost R390 million were recorded for the suburb as a whole. This year, there has already been upwards of 119 property sales worth almost R484 million, already 13% more than last year and we still have just over a month to go before we close the year, say the agents.

??3 Bedroom House for sale in Newlands, Cape Town

Seeff's sales in the suburb already amount to 21 sales worth just over R92 million, about 17% more than last year. While demand is most buoyant in the R3 million to R5 million price band, the agents say that there is good demand for homes priced above this bracket. We have for example sold six homes priced above R5 million ranging from a home in Esme Road that sold for R5,5 million to a Willow Road home that sold for R7,1 million, a property in Boshof Avenue that recently sold for R7,43 million and a Palmboom Road home that sold for R8,75 million.

One of the great advantages of this suburb is the diverse selection of property options for buyers, says van der Westhuyzen and Clerke. Family buyers with a bigger budget and looking for more space could for example look at spacious homes with up to five bedrooms, a lovely garden with a swimming pool that are priced upwards of R6.8 million to around R9 million for a 1,318sqm plot size. At the top end, there is also the beautiful 1883 Mount Pleasant heritage homestead, set on a spacious plot of 3,272sqm that is on the market for R18 million.

Smaller homes range upwards of around R3,5 million to R4,95 million for the beautiful Boshof Gate House. It is one of the most unique properties in the suburb, say the agents. It was built in the 1900s as the Gate House to the Boshof Estate and is situated next to the historic, old Boshof Gates in Boshof Avenue. The double storey home is picture pretty with shuttered windows and Table Mountain as a backdrop. While essentially Victorian in character, its design carries Gothic influences seen in the very steep slate roof and bargeboard gable and interesting chimney. It really is a gem and although restored, it still boasts many original features and includes high ceilings, wooden floors and Victorian fireplaces in the lounge and main bedroom.

The home is around 280sqm in extent and is set on a plot of 677sqm with a pretty garden and solar-heated swimming pool. Features include a typical entrance hall, formal lounge, dining room and open-plan living area next to a country style kitchen, a wine cellar, separate laundry room, four bedrooms (two with en-suite bathrooms), a separate one-bedroomed flat/office and garaging for three vehicles.

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